Sundance Resources has accepted an improved takeover bid by China's Hanlong Mining, valuing the iron ore explorer at $1.65 billion, according to a people familiar with the deal. Hanlong's sweetened offer of 57 cents a share has been accepted by the Perth-based target, the sources said today.
03/10/2011 - 09:04
Sundance accepts higher Hanlong bid: source
03/10/2011 - 09:04
